This Atlanta based company provides digital services to companies to assist with payment of travel expenses in the US, internationally and in Brazil. The company just made a major investment into establishing a platform in Europe, including cross-currency capability. Overall a geographically diversified steady business model. It trades at 25x earnings and supports a healthy 31% ROE. We recommend setting a stop-loss at $240, looking to achieve $416 — upside potential of 17%. Yield 0%
Our PAST TOP PICK with CPAY is stagnating. To remain disciplined, we recommend trailing up the stop (from $240) to $270 at this time.